January 2007

Trends and Resources

HP In Brief: HPIn Brief

  Chevron budget up 20% in 2007 Chevron Corp., the second-largest integrated oil major in the US, is pla..

  Chevron budget up 20% in 2007 Chevron Corp., the second-largest integrated oil major in the US, is planning a $19.6-billion global capital and exploratory spending program for 2007. This is a 20% increase from expected outlays of approximately $16 billion in 2006. "About 75% of the budget is for oil and gas exploration and production projects worldwide. Another 20% is dedicated to the company's global refining, marketing and transportation businesses," says Dave O'Reilly, the corporation's chairman and CEO. The increase reflects the impact of sever

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